Strong Surge in Car Industry: Sales Up by 44.62%, Production Rises by 41.62% in Eight-Month Span
During the first eight months of the current fiscal year 2024-25, the country experienced a significant surge in its automobile sector. Car sales soared by 44.62%, while production saw a substantial increase of 41.62% compared to the corresponding period of the previous year.
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Chinese Group to invest USD 340 Million in EV Market
Pakistan’s electric vehicle (EV) sector has received a significant boost with a USD 340 million investment from a Chinese consortium.
Toyota Maintains World’s Top Automaker Title with 10.8 Million Sales in 2024
Toyota Motor Sells 10.8 Million Vehicles in 2024, Retaining World’s Top Automaker Title for Fifth Consecutive Year. The Japanese automaker posted a 3.7 percent drop in global group unit sales last year, including those of compact car maker Daihatsu and truck unit Hino Motors.
Mehfooz
Rs.30 Per Unit Power Tariff Slash for EV Sector Announced by PM to Encourage Investment
Prime Minister Muhammad Shehbaz Sharif hailed the drastic reduction of Rs30 per unit in power tariff for electric vehicles (EVs) as a propitious step for the sector to boost the emission-less and eco-friendly vehicles in the country.
Car Sales Increase 51% to 46,398 Units in Second Half of the Year
The Pakistan Automobile Manufacturing Association (PAMA) has reported a significant increase in car sales during the first six months of the current financial year 2024-25. Sales figures show a remarkable 51.32 percent increase compared to the same period last year.
Adil Aziz
Global EV Sales Surge Beyond 17 Million Units in 2024
Global sales of fully electric and plug-in hybrid vehicles surged by 25% last year, reaching over 17 million cars. This growth was driven by a fourth consecutive month of record sales in December, with strong market performance in China and stabilization in Europe, according to recent data.
China Takes the Lead as Top EV Exporter Worldwide
China leads the global transition to electric vehicles, exporting more EVs than any other country. As a dominant force in the EV market, China’s leadership is shaping the future of sustainable transportation. Just two decades ago, China’s automotive industry was in its infancy, and car ownership was a rare luxury. Fast forward to today, China…
Cars’ sale up 46.73% to 30,625 units during Jul-Oct 2024
According to recent data released by the Pakistan Automobile Manufacturing Association (PAMA), car sales have surged by 46.73% during the first four months of the current financial year 2024-25 compared to the same period last year. This significant increase highlights the growing demand and positive momentum within the automobile sector in Pakistan.
New EV Bikes Models unveiled at EDB Exhibition
The Ministers Rana Tanveer Hussain said, around 31 companies have expressed interest in investing in electric vehicles in Pakistan while 2 companies were granted permission to manufacture eclectic vehicle.
New EV Policy to Be Announced on November 30
Minister of Food Security, Industries and Production Rana Tanveer Hussain told the Senate that the Electric Vehicle (EV) policy would be announced on November 30 to promote local manufacturing of EVs and ensure a sustainable transport system.